VOI - Voice of Indonesia | RRI - Radio Republik Indonesia

The Governments of Indonesia and the UK seek to strengthen trade and investment relations through a meeting between Indonesian Minister of Trade Muhammad Lutfi and British Minister of International Trade Anne-Marie Trevelyan in Jakarta. The meeting was the first to be held within the framework of the Joint Economy and Trade Committee (JETCO) Indonesia-United Kingdom which was agreed upon April 2021. Minister of Trade Muhammad Lutfi in a virtual press conference in Jakarta last Wednesday 23 February said during the meeting, they discussed several issues, including increasing trade transactions between the two countries.

In addition, the two countries also discussed cooperation in renewable energy, food, beverage, agriculture as well as their engagement at the G20 Forum and the World Trade Organization (WTO). They also discussed what next steps could be for the two countries to cooperate in the future. Muhammad Lutfi emphasized specifically for the green energy, food, beverage and agriculture sector, Indonesia and the UK have also formed two working groups. He hopes that through the working group a concrete agreement can be established between the two countries. One of them regarding future free trade agreements (FTAs).

Meanwhile, British Minister of International Trade Anne-Marie Trevelyan said the total trade value between Indonesia and the UK has reached £2.6 billion. According to Trevelyan, through JETCO, the British government wants to strengthen it and see the great potential between the two countries. She emphasized Indonesia and the UK have the potential to strengthen cooperation in the fields of trade and investment.